Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Rental relocation service announces new $450k investment

Rental relocation service announces new $450k investment

Transfercar, the free rental car company, has announced a new round of investment from entrepreneur Dennis Round. The NZ$450,000 funds are combination of private equity and loan.

Transfercar, the free rental car company, has announced a new round of investment from entrepreneur Dennis Round. The NZ$450,000 funds are combination of private equity and loan.

The money will be used to fund a US launch for the business as well as additional revenue streams and continued development of the web application.

Dennis Round will join the firm as global Sales Director. He founded Violation Management Services in New York in 2001 and has since grown it to be the leading global company for managing traffic violations in the car rental and leasing industries."

Brian Karlson, CEO said “We’re delighted to strengthen the team with Dennis’ long experience in the automotive industry. His US expertise will be critical as we move into the next phase of Transfercar’s growth.”

Dennis Round added “This is a fantastic new challenge for me personally and I’m very much looking forward to driving Transfercar towards becoming the industry’s preferred choice of relocation partner.”

Founded in 2008, the firm previously took investment from Norwegian angel investor, Nils August Andresen, of NZ$150,000 during February 2008.

Transfercar runs rental car relocation websites for customers in USA, Australia and New Zealand.

About Transfercar
Transfercar helps people and rental car companies make and save money on under-used rental cars.

Rental operators need to relocate cars between their branches in order to position their fleet for new hires. Transfercar facilitates contact between rental operators that need to relocate their vehicles, and travellers who would like to drive their cars free of charge.

The rental operators submit their relocations to Transfercar using the web or integrations with fleet management systems. Prospective drivers then request the relocations through the website, mobile phones or email. The Transfercar solution delivers financial benefits to both rental car companies and flexible travellers.

Transfercar USA www.transfercarus.com
Transfercar Australia www.transfercar.com.au/
Transfercar New Zealand www.transfercar.co.nz/

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news